Compass Diversified Holdings 7.875% Series C Cumulative Preferred Shares (CODIpC) — Stock Correlations & Overview
Over the past year, CODIpC has moved most closely with CODIpB, CODIpA, CODI. Explore the stocks most correlated and inversely correlated with CODIpC below, along with its price, financials, and company profile.
Stocks correlated with CODIpC
Correlation of daily returns. Higher positive values move with CODIpC; negative values move opposite it. Informational only, not investment advice.
Most correlated with CODIpC
| Symbol | Company | Correlation |
|---|---|---|
| CODIpB | Compass Diversified Holdings 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares representing beneficial interests in Compass Diversified HoldingsHOUSEHOLD FURNITURE | 0.84 |
| CODIpA | Compass Diversified Holdings 7.250% Series A Preferred Shares representing beneficial interest in Compass Diversified HoldingsHOUSEHOLD FURNITURE | 0.68 |
| CODI | Compass DiversifiedHOUSEHOLD FURNITURE | 0.29 |
| OM | Outset Medical, Inc. Common StockELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS | 0.28 |
| EFCpB | Ellington Financial Inc. 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred StockREAL ESTATE | 0.27 |
Most inversely correlated with CODIpC
| Symbol | Company | Correlation |
|---|---|---|
| LFS | LEIFRAS Co., Ltd. American Depositary Shares | -0.36 |
| RFAIR | RF Acquisition Corp II RightBLANK CHECKS | -0.26 |
| RLMD | Relmada Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.26 |
| AQB | AquaBounty Technologies, Inc. | -0.24 |
| MDGL | Madrigal Pharmaceuticals, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.23 |
Frequently asked questions about CODIpC correlations
- Which stocks are most correlated with CODIpC?
- Based on one year of daily returns, the stocks most correlated with Compass Diversified Holdings 7.875% Series C Cumulative Preferred Shares (CODIpC) are CODIpB (0.84), CODIpA (0.68) and CODI (0.29). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CODIpC?
- Over the past year, the stocks most inversely correlated with Compass Diversified Holdings 7.875% Series C Cumulative Preferred Shares (CODIpC) are LFS (-0.36), RFAIR (-0.26) and RLMD (-0.26). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CODIpC correlations calculated?
- We compute the correlation of daily returns between CODIpC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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